COVID-19 impact! 72% Indians looking for a new job

According to a new survey, over 80 per cent Indian engineers and tech graduates are currently learning new technologies relevant to the jobs they seek.

Leading incubation lab BridgeLabz Solutions LLP recently conducted a survey among engineering graduates and working professionals across India to understand their concerns and how they are dealing with the lockdown.

The survey involving 1,500 tech graduates and working professionals in different sectors threw up some interesting findings: 

• As per the survey, 71.95% of the respondents representing almost equal numbers of men and women are currently looking out for a job. 
• Finding a job amidst the nationwide lockdown emerged as the top challenge for fresh tech graduates and experienced professionals with 76.89% engineers presently bearing the brunt of the economic slowdown.
• 24.92% of the working engineers who were planning to switch their jobs are currently stuck as the pandemic has affected the hiring process in organisations across the country.
• 15.53% of engineering graduates are struggling to stay relevant in the industry with their existing skill set.
• An approximately equal percentage of men and women engineers have unanimously acknowledged the skill gap and are leveraging lockdown to enhance their knowledge.
• 84.48% of the total respondents, including engineers and tech graduates are learning new technologies relevant to the jobs they seek.

The survey concluded that "the ever-evolving technological space and cut-throat competition requires constant upgradation of the skills to survive in the industry."

Speaking about the survey, Narayan Mahadevan, founder, BridgeLabz said, "An obvious impact of the pandemic-led lockdown can be seen in the employment space. Today, fresh tech graduates and experienced professionals are equally facing the challenges arising out of the demand for newer skill sets in the industry. Viewing the current market situation and the inevitable competition in the near future, it will be only wise to strive to improve your learning curve. However, it is good to see that a majority of candidates are utilising this period to enhance their knowledge and accentuate their portfolios to succeed in the impending competition."